Posted 3/25/2024, 7:18:00 PM
Bank of America: Current Bull Market Has Room to Run to 2033 With 34% Potential Gains
- Long-term bull market in stocks is 11 years old and has room to run further, per Bank of America
- Secular bull market could extend to 2029-2033 based on prior bull markets lasting 16-20 years
- S&P 500 breakout signals near-term upside targets of 5,600 (7% gain) and 6,150 (18% gain)
- Bank of America sees S&P 500 potentially surging 34% to around 7,000 by end of 2026
- Downside support levels to watch are 4,800 and 4,600, representing 12% downside risk